The leading opposition PDP has announced the expulsion of the FCT Minister, Nyesom Wike, the former governor of Ekiti state, Ayodele Fayose and many others.
The Nigerian government has announced a new date to disburse the $2.5 billion Youth Economic Intervention and De-Radicalisation Programme (YEIDEP) fund.
Britain's new Labour government will announce next week that the country's public finances have an additional hole of around £20 billion ($26 billion), risking tax rises in an upcoming budget, media reported on Friday.
The US Federal Reserve's favored inflation measure eased further in June, according to government data published Friday, in more good news for policymakers ahead of next week's interest rate decision. Stripping out volatile food and energy prices, the closely watched core measure of inflation eased to an annual rate of 2.6 percent in June -- also in line with expectations. da/dw
Arson attacks scrambled France's high-speed rail network for tens of thousands of passengers on Friday, after what officials called premeditated acts of "sabotage" just hours before the Paris Olympics opened.
German car parts manufacturer ZF said Friday it would cut a fifth to a quarter of jobs in Germany as it struggled with the switch to electric vehicles and foreign competition. The switch to electric vehicles was eating away at demand for "transmissions for conventional and hybrid vehicles", an area where German suppliers have traditionally excelled, it said.
The Central Bank of Nigeria (CBN), has adjusted the Customs Exchange rates for cargo clearance at Nigeria's port following the depreciation of the naira at NAFEM.
One of the most enduring images of Greece's summer travel brand is the world-famous sunset on Santorini Island, framed by sea-blue church domes on a jagged cliff high above a volcanic caldera. In the south of the island, the volcanic sand beaches are less crowded, even though it is high season in July.
The Central Bank of Nigeria decided to increase the rate and Uche Uwaleke, a financial expert, is raising important questions about some key decisions.
Taiwanese giant TSMC tumbled with several other leading chip makers Friday as traders returned from a typhoon-imposed two-day break to play catch-up with a global tech rout. The rally in all things tech helped TSMC, which is also listed in New York, to briefly break the US$1 trillion market capitalisation barrier this month, putting it ahead of Tesla as the seventh most valuable technology firm.
Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured that the economy was still in rude health, but did not dent hopes for an interest rate cut.
Economy
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